AMADEUS IT GROUP, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 65.34 EUR | -0.97% |
|
+2.13% | +0.71% |
| May. 24 | AMADEUS IT GROUP : Target price unchanged |  |
| May. 08 | Spain's Amadeus expects strong travel demand to boost Q2 revenue | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,378 | 26,817 | 26,825 | 21,842 | 28,816 | 28,446 | - | - |
| Enterprise Value (EV) 1 | 34,137 | 29,891 | 29,874 | 21,842 | 31,087 | 30,499 | 29,738 | 28,847 |
| P/E ratio | 27 x | -42.5 x | -186 x | 33.5 x | 28.3 x | 23.6 x | 21 x | 19 x |
| Yield | 0.77% | - | - | - | 1.91% | 2.06% | 2.37% | 2.71% |
| Capitalization / Revenue | 5.63 x | 12.3 x | 10 x | 4.87 x | 5.3 x | 4.63 x | 4.26 x | 3.97 x |
| EV / Revenue | 6.12 x | 13.7 x | 11.2 x | 4.87 x | 5.71 x | 4.96 x | 4.45 x | 4.03 x |
| EV / EBITDA | 15.2 x | 131 x | 47.6 x | 13.3 x | 14.8 x | 12.9 x | 11.3 x | 10 x |
| EV / FCF | 32.7 x | -55.2 x | 170 x | - | 26 x | 23.2 x | 20.8 x | 18.4 x |
| FCF Yield | 3.06% | -1.81% | 0.59% | - | 3.84% | 4.31% | 4.81% | 5.44% |
| Price to Book | 8.29 x | 7.16 x | 7.17 x | - | 6.38 x | 5.81 x | 5.03 x | 4.37 x |
| Nbr of stocks (in thousands) | 431,019 | 450,253 | 449,787 | 449,884 | 444,145 | 435,352 | - | - |
| Reference price 2 | 72.80 | 59.56 | 59.64 | 48.55 | 64.88 | 65.34 | 65.34 | 65.34 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,578 | 2,174 | 2,670 | 4,486 | 5,441 | 6,144 | 6,675 | 7,162 |
| EBITDA 1 | 2,245 | 227.8 | 627.6 | 1,640 | 2,094 | 2,362 | 2,627 | 2,874 |
| EBIT 1 | 1,540 | -772.3 | -83 | 962.7 | 1,414 | 1,711 | 1,932 | 2,160 |
| Operating Margin | 27.61% | -35.52% | -3.11% | 21.46% | 25.99% | 27.85% | 28.94% | 30.16% |
| Earnings before Tax (EBT) 1 | 1,471 | -882.7 | -197.4 | 871.7 | 1,362 | 1,645 | 1,857 | 2,048 |
| Net income 1 | 1,162 | -625.4 | -142.4 | 664.3 | 1,118 | 1,236 | 1,399 | 1,565 |
| Net margin | 20.83% | -28.77% | -5.33% | 14.81% | 20.54% | 20.12% | 20.97% | 21.85% |
| EPS 2 | 2.700 | -1.400 | -0.3200 | 1.450 | 2.290 | 2.766 | 3.114 | 3.439 |
| Free Cash Flow 1 | 1,045 | -541.9 | 176.1 | - | 1,194 | 1,316 | 1,430 | 1,571 |
| FCF margin | 18.73% | -24.93% | 6.6% | - | 21.95% | 21.42% | 21.42% | 21.93% |
| FCF Conversion (EBITDA) | 46.54% | - | 28.06% | - | 57.03% | 55.7% | 54.44% | 54.64% |
| FCF Conversion (Net income) | 89.96% | - | - | - | 106.87% | 106.41% | 102.17% | 100.36% |
| Dividend per Share 2 | 0.5600 | - | - | - | 1.240 | 1.348 | 1.547 | 1.771 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,744 | 1,281 | - | 1,121 | 739.1 | 809.8 | 1,549 | 917.2 | 1,183 | 2,100 | 1,218 | 1,168 | 2,386 | 1,311 | 1,381 | 2,692 | 1,394 | 1,355 | 2,749 | 1,496 | 1,556 | 3,063 | 1,554 | 1,528 | 3,063 | 1,649 |
| EBITDA 1 | 1,052 | 194.1 | - | 199 | 206.7 | 221.9 | 428.6 | 295.8 | 495.8 | 791.6 | 450.4 | 398.3 | 848.7 | 509.8 | 536.3 | 1,046 | 547.7 | 500.5 | 1,048 | 582 | 589.6 | 1,199 | 615.9 | 552.4 | 1,135 | 613 |
| EBIT 1 | 672.3 | -236 | -536.3 | -123.8 | 43 | 17.2 | 60.2 | 138.7 | 334.5 | 473.2 | 291.9 | 197.6 | 489.5 | 354.4 | 380.3 | 734.7 | 390.4 | 288.8 | 679.2 | 422.1 | 442.3 | 871 | 451.2 | 378.9 | 773 | 485.7 |
| Operating Margin | 24.5% | -18.42% | - | -11.04% | 5.82% | 2.12% | 3.89% | 15.12% | 28.29% | 22.54% | 23.97% | 16.91% | 20.51% | 27.03% | 27.54% | 27.29% | 28% | 21.32% | 24.71% | 28.21% | 28.42% | 28.44% | 29.05% | 24.79% | 25.24% | 29.46% |
| Earnings before Tax (EBT) 1 | - | -269.9 | - | -175 | 9.6 | -12.7 | -3.1 | 107.6 | 312.5 | 420.2 | 268.4 | 183.2 | 451.6 | 339.9 | 366.8 | 706.6 | 375.9 | 279.1 | 655 | 405 | - | 833 | - | - | 745 | - |
| Net income 1 | - | -196.7 | - | -130.3 | 6.5 | -4.8 | 1.7 | 81.3 | 237.1 | 318.5 | 202.7 | 143.1 | 345.8 | 262.4 | 300.9 | 563.2 | 301.2 | 274.2 | 554.2 | 313.9 | 312.8 | 642 | 327.1 | 278.2 | 566 | 344.3 |
| Net margin | - | -15.35% | - | -11.62% | 0.88% | -0.59% | 0.11% | 8.86% | 20.05% | 15.17% | 16.65% | 12.25% | 14.49% | 20.01% | 21.79% | 20.92% | 21.6% | 20.24% | 20.16% | 20.98% | 20.1% | 20.96% | 21.06% | 18.2% | 18.48% | 20.88% |
| EPS 2 | - | - | - | - | 0.0100 | -0.0100 | - | 0.1800 | 0.5100 | 0.6900 | 0.4500 | 0.3100 | 0.7600 | 0.5700 | 0.6700 | 1.250 | 0.6600 | 0.4600 | 1.080 | 0.7000 | 0.7051 | 1.420 | 0.7377 | 0.5947 | 1.250 | 0.7647 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.240 | - | - |
| Announcement Date | 2/28/20 | 7/31/20 | 2/26/21 | 7/30/21 | 11/5/21 | 2/25/22 | 2/25/22 | 5/6/22 | 7/29/22 | 7/29/22 | 11/4/22 | 2/24/23 | 2/24/23 | 5/9/23 | 7/28/23 | 7/28/23 | 11/7/23 | 2/28/24 | 2/28/24 | 5/8/24 | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,758 | 3,074 | 3,049 | - | 2,271 | 2,053 | 1,292 | 401 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.229 x | 13.49 x | 4.858 x | - | 1.084 x | 0.869 x | 0.492 x | 0.1396 x |
| Free Cash Flow 1 | 1,045 | -542 | 176 | - | 1,194 | 1,316 | 1,430 | 1,571 |
| ROE (net income / shareholders' equity) | 33.4% | -8.03% | -1.19% | - | 24.6% | 26.4% | 26% | 25.3% |
| ROA (Net income/ Total Assets) | 11.3% | -5.66% | -0.39% | - | 9.93% | 11.2% | 11.7% | 12.3% |
| Assets 1 | 10,266 | 11,051 | 36,557 | - | 11,255 | 11,049 | 11,935 | 12,672 |
| Book Value Per Share 2 | 8.780 | 8.320 | 8.320 | - | 10.20 | 11.20 | 13.00 | 15.00 |
| Cash Flow per Share 2 | 4.180 | 0.0700 | 1.370 | - | 3.880 | 4.320 | 4.810 | 5.480 |
| Capex 1 | 736 | 502 | 460 | - | 601 | 698 | 745 | 791 |
| Capex / Sales | 13.2% | 23.07% | 17.24% | - | 11.04% | 11.35% | 11.16% | 11.05% |
| Announcement Date | 2/28/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
65.34
EUR
Average target price
71.4
EUR
Spread / Average Target
+9.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.71% | 30.85B | |
| -19.53% | 177B | |
| -3.23% | 159B | |
| +2.05% | 153B | |
| +5.13% | 100B | |
| +9.84% | 81.11B | |
| +22.85% | 75.87B | |
| -8.81% | 69.81B | |
| -31.57% | 45.63B | |
| -9.69% | 42.96B |
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